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2018-01-16

Cassandra Oil: Cassandra attracts environmental investment fund

Reaktor ApS and Cassandra Oil AB have today agreed to amend the
agreement previously published on the 17thof November 2017.

Reaktor ApS has been offered an alternative funding solution, by an
environmental investment fund, in the form of a loan which would be
favourable in contrast to the equity injection into the Joint Venture
company as previously agreed.

The new solution mentioned above allows Cassandra and Reaktor ApS to
keep all equity in the JV.

"We prefer this option compared to the previous funding arrangement
and have today decided to postpone the down payment, for the sale of
2 CASO plants to the JV, from Reaktor ApS for a few weeks in order to
conclude the new and improved agreement."

For further information, please contact
Mr Anders Olsson, Managing Director Cassandra Oil AB
Phone: +46 76-16 32 100 or

Mr. Flemming B. Jørgensen, Reaktor ApS
Phone: +45 40501314

Cassandra Oil is a Swedish company which, with the help of new
technologies, recoveres oil from hydrocarbon-containing materials,
such as used tires, plastic waste, oil sludge, waste oil and,
eventually, oil sands, oil shale and electronic scrap. Cassandra
Oil's share is listed on Nasdaq First North, Stockholm with the short
name CASO with Remium Nordic Holding AB as Certified Adviser. The
number of shareholders is about 8000.

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http://news.cision.com/se/cassandra-oil/r/cassandra-attracts-environment...
http://mb.cision.com/Main/218/2432665/778364.pdf

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